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Ely Close, Bury St. Edmunds, Suffolk, IP33 - Image 1
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Ely Close, Bury St. Edmunds, Suffolk, IP33

East of England

£300,000
Listed on 04/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This detached three-bedroom home presents an excellent opportunity for those looking to invest in property with significant renovation potential. The house is offered without onward chain, simplifying the acquisition process for prospective buyers. The entrance leads to a hallway with access to a cloakroom and spacious ground-floor areas. The open-plan living and dining area at the rear of the property benefits from garden views, creating a pleasant atmosphere for family gatherings. The kitchen offers fitted units, essential plumbing, and direct access to the garden, making it easy to envision an upgrade or reconfiguration that could enhance usability and style. On the first floor, you will find three well-sized bedrooms along with a shower room equipped with basic amenities, presenting further opportunities for modernization. Outside, the expansive corner plot includes a manageable garden with potential for extending (subject to planning permission), while additional features such as a garage and parking are valuable assets in this location. Situated conveniently near schools, West Suffolk Hospital, and Bury St Edmunds town centre, this property is ideally positioned for both family living and investment growth. Public transport options are readily available, providing easy commuting routes into Ipswich and London.

Investment Analysis

(IP33 area)
Area Average
£342/sq ft
Avg Rent (weekly)
£305
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (IP33)

Area prices are falling by +5.9% over the last 12 months
3 year growth: -2.7%
5 year growth: 5.1%
Investment Disclaimer: Analysis based on IP33 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ely Close, Bury St. Edmunds, Suffolk, IP33
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE